Venezuela, Bolivarian Republic of

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Key Indicators
Income Group Upper middle income
Regional Group Latin America and the Caribbean
Population (Total) 28,405,543
GDP per capita, PPP (current international $) 7,881

Performance Overview

ISO3

VEN

Country

Venezuela, Bolivarian Republic of

Score

34.94

Rank

97

Input

104

Output

85

Enable

31.34

Attract

38.83

Grow

27.44

Retain

46.86

VT

42.96

GA

22.23

Pillar: Enable Score: 31.34Rank: 122
SCORERANK

Regulatory Landscape

12.36 134

1. Government effectiveness

14.72132

2. Rule of law

0.00135

3. Political stability

37.08120

4. Regulatory quality

0.00135

5. Corruption

10.00134

Market Landscape

40.02 97

1. Extent of market dominance

36.06107

2. Domestic credit to private sector

n/an/a

3. Cluster development

30.99129

4. R&D expenditure

10.8051

5. Population covered by at least a 3G mobile network

28.79122

6. Internet access in schools

47.0265

7. Urbanisation

86.4519

Business & Labour Landscape

41.65 97

1. Labour rights

17.70127

2. Labour-employer cooperation

57.1876

3. Professional management

59.6665

4. Relationship of pay to productivity

32.06126

5. Enterprise software

n/an/a

6. Cloud computing

n/an/a

7. Firms with website

n/an/a
Pillar: Attract Score: 38.83Rank: 117
SCORERANK

External Openness

21.93 119

1. FDI regulatory restrictiveness

n/an/a

2. Financial globalisation

23.71124

3. Migrant stock

8.3768

4. International students

n/an/a

5. Brain gain

33.70105

6. AI skills migration

n/an/a

Internal Openness

55.73 104

1. Tolerance of minorities

35.1178

2. Tolerance of immigrants

56.9270

3. Social mobility

32.08133

4. Economic empowerment of women

85.0061

5. Gender parity in high-skilled jobs

59.6892

6. Leadership opportunities for women

65.6164
Pillar: Grow Score: 27.44Rank: 95
SCORERANK

Formal Education

14.40 84

1. Vocational enrolment

17.1663

2. Tertiary enrolment

n/an/a

3. Tertiary education expenditure

n/an/a

4. Reading, maths, and science

n/an/a

5. University ranking

11.6364

Lifelong Learning

32.35 83

1. Business masters education

0.0064

2. Prevalence of training in firms

n/an/a

3. Employee development

64.7049

Access to Growth Opportunities

35.57 104

1. Delegation of authority

48.27107

2. Youth inclusion

16.99121

3. Use of virtual social networks

52.0189

4. Use of virtual professional networks

25.0353
Pillar: Retain Score: 46.86Rank: 90
SCORERANK

Sustainability

45.86 82

1. Pension coverage

100.001

2. Social protection

12.41128

3. Brain retention

40.5480

4. Environmental performance

53.3040

5. Vulnerable employment

56.8389

6. Protect Against Future Disasters

47.7266

7. Household Financial Resilience

10.22109

Lifestyle

47.86 94

1. Personal rights

10.46124

2. Personal safety

29.56120

3. Physician density

n/an/a

4. Sanitation

96.5658

5. Employee Wellbeing / Happiness score (life ladder)

54.8678
Pillar: Vocational and Technical Skills (VT) Score: 42.96Rank: 85
SCORERANK

Mid-level Skills

28.87 90

1. Workforce with secondary education

38.6276

2. Population with secondary education

39.7764

3. Technicians and associate professionals

n/an/a

4. Labour productivity per employee

8.23100

Employability

57.04 84

1. Ease of finding skilled employees

58.3058

2. Relevance of education system to the economy

21.68130

3. Skills matching

66.9557

4. Highly educated unemployment

81.2262
Pillar: Generalist Adaptive Skills (GA) Score: 22.23Rank: 77
SCORERANK

High-level Skills

32.54 52

1. Workforce with tertiary education

45.9944

2. Soft Skills

62.0239

3. Professionals

30.7752

4. Researchers

1.6986

5. Senior officials and managers

22.2259

6. Digital skills

n/an/a

7. AI talent concentration

n/an/a

Talent Impact

11.92 105

1. ICT services exports

1.16125

2. Mobile apps development

51.07102

3. Intellectual property receipts (% of total trade)

3.9896

4. High-value exports

n/an/a

5. Software development

2.7999

6. New business density

n/an/a

7. Scientific journal articles

0.61112

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